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Eliciting risk preferences usually involves tasks that subjects may find complex, such as calculations of expected … subjects may be driven by miscalculations or miscalibration of probabilities, rather than by their risk preferences. In this … risk aversion elicitation. The experiment was run with subjects from a rural area in Honduras. We compare the risk …
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Fragile and conflict-affected states face daunting challenges for development. Aid has a greater importance on development in these states than in others, and therefore aid effectiveness-management and delivery of aid-bears serious consideration. Despite its significance, aid effectiveness is...
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This paper contributes to the literature on aid and economic growth. We posit that it is not the level of aid flows per se but the stability of such flows that determines the impact of aid on economic growth. Three measures of aid instability are employed. One is a simple deviation from trend,...
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economic growth risk. Based on the analysis of the average data across 157 countries and territories, the results indicate that …, on average, increased foreign development assistance is associated with lower economic growth risk (b = -0.077; p = 0 ….053), yet increased foreign development assistance uncertainty is significantly linked to higher economic growth risk (b = 0 …
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